The Australian electricity market continues to evolve. The next wave of consumer focused change, called Power of Choice, exposes electricity distributors to unprecedented competition in metering. Power of Choice challenges distributors' traditional regulated funding model while opening up opportunities for new service lines and business growth.
Distributors need to redefine existing solutions and work practices to comply with Power of Choice obligations and to re-think their business strategy to identify and plan for the new opportunities.
As a thought leader DB Results provided its renowned utilities experience to develop a Power of Choice response strategy for a Victorian distributor.
We leveraged our business strategy and blueprint services to provide a measured assessment of the business risks and viable opportunities open to the distributor.
It involved a business wide Power of Choice impact assessment, a comparative market analysis to identify the likely market response and, by using our existing industry tools, provided a consumer and market change model to enable what-if scenario planning. We identified the optimal Power of Choice response strategy and developed a supporting solution roadmap to deliver the program of change, in a stepped fashion to mitigate implementation risk.
DB Results equipped the distributor with the Power of Choice response strategy and a roadmap for its delivery. We structured these materials for re-use and the roadmap maximised the investment of legacy solutions while enabling the required business solution flexibility.
The distributor has commenced implementation of the Power of Choice strategy and the corresponding program of work. DB Results continues to support them to ensure that the benefits are realised.